News with the tag "BitMine"

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Peter Thiel's acquisition of a stake in BitMine Immersion Technologies highlights his strategic interest in cryptocurrencies, particularly due to BitMine's significant Ethereum holdings alongside its Bitcoin mining operations.

BitMine Immersion Technologies has acquired 163,142 Ethereum (ETH) worth over $500 million, signaling a strategic shift and bullish outlook on Ethereum's potential, driven by a $250 million private placement.

BitMine Immersion Technologies' shares surged 40% after revealing it holds $500 million worth of ETH, following a previous 50% drop due to a $2 billion at-the-market offering.

Bitmine Immersion's shares surged over 3,000% after announcing a $250 million fundraising to acquire ETH, mirroring the volatile trading pattern of Sharplink Gaming, which saw a 4,000% rise followed by a 90% drop.

BitMine Immersion Technologies, a NYSE-listed Bitcoin miner, has secured $250 million for an Ethereum treasury strategy, signaling a shift towards diversified crypto investments and potentially influencing broader market trends.